Sutatong wrote: Mon Apr 21, 2025 3:30 pm
Maybe this could help
MACD CA (Corrected) with MTF + Custom Timeframe choice + Signal options + Alerts & Arrows
Made an MT4 version.
The original publication of this code was described by Mladen as a "Step" or "Corrected" MACD that uses the same method for correction which is used in averages.
It was noted that Corrected values are usually effective filters, but shouldn't be combined with the filters that are currently being used. The values from the 'corrected' method are distinct from the 'filtered' values.
What is the difference between the MACD CA and the traditional MACD?
This version of the MACD by Mladen & Mrtools enhances the MACD in two major ways:
- It smooths the MACD dynamically which is helpful in volatile markets or low volume pairs
- You can select the Price calculation from a wide range of types ie. Heiken Ashi and Trend Biased options
In this particular indicator, you can experiment with sensitivity by adjusting the "Correction" within the options. A higher value will create a smoother curve, whereas as period of
0
will use the slow EMA length.